Padmanabh Sinha will lead Motilal Oswal Financial Services’ alternative-investment business, the company said in a statement. Sinha previously co-led Temasek Holdings’ India operations.

He takes on the role as Motilal Oswal Alternates develops its private equity, real estate and private credit businesses. In February, the firm raised a $938 million private equity fund, its largest to date, and brought in foreign investors for the first time.

Sources: Bloomberg Markets.